SG Biofuels Completes $9.4M Series A Financing
Summary
SG Biofuels, Inc., a San Diego, CA-based bioenergy crop company developing and producing elite seeds of Jatropha, has completed a $9.4m Series A financing., a San Diego, CA-based bioenergy crop company developing and producing elite seeds of Jatropha, has completed a $9.4m Series A Investors include Flint Hills Resources, a privately held company based in Kansas, Life Technologies Corporation, a biotechnology tools company based in Carlsbad, Calif., and existing investors.The financing will support the company’s efforts to advance Jatropha as a high-yielding, low cost feedstock for diesel, jet fuel and petrochemicals.In conjunction with the funding, Anthony Sementelli, CEO of Flint Hills Resources, and Nathan Wood, vice president of Life Technologies’ Genomics Technologies business segment, have joined the company’s board of directors.Earlier this year, SG Biofuels and Life Technologies recently announced they have completed the sequence of the Jatropha genome.